October 04, 2013

CNH subsidiary prices $500M private offering

CNH Industrial NVâ;€™s capital unit has priced a private offering of $500 million, with net proceeds to go toward working capital, general corporate purposes and possibly repaying debt.

The offering by CNH Capital LLC is in an aggregate principal amount of 3.25 percent notes due 2017, issued at par, the company said Thursday afternoon. The offering is expected to close Oct. 8.

CNH Capital is a subsidiary of CNH Industrial (NYSE: CNHI / MI: CNHI), the entity formed by the full merger of CNH Globalâ;€¦;

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